INTRODUCTION Effective 25 May, 2018, the General Data Protection Regulation (“GDPR”) governs how companies must handle the personal data of EU residents, regardless of where in the world the data is located. Article 4 of the GDPR classifies those who handle data as ”data controllers” or “data processors”. A data controller is “person, public authority, agency or other body which, alone or jointly with others, determines the purposes and means of processing of personal data”, while a data processor is a “person, public authority, agency or other body which processes personal data on behalf of the controller.” “Processing’ means any […]

Business Continuity Plans for Financial Institutions Disasters rarely strike with advanced notice. That’s especially true in the business world, where there’s no such thing as a business meteorologist to forecast potential threats that may beset a company’s personnel or assets. That’s where a Business Continuity Plan comes into play. What is a Business Continuity Plan? A Business Continuity Plan (BCP) is an operational strategy outlining all significant efforts and actions an organization is expected to take in the event of a disaster, such that they can continue running their business with minimal loss and downtime. All BCPs are centered around […]

Harnessing the Benefits of Hybrid Cloud Computing Cloud computing has moved beyond the hype stage that comes with technological innovation and into the status of an indispensable business capability. The evolution is unsurprising, as the need for using web-based computing resources to store and protect data applies across all industries, adding value through increased accessibility, easier collaboration, lowered storage costs, and more scalable capacity. However, despite the many benefits, businesses that handle extremely sensitive data are often hesitant to move all their file storage and computing over to public cloud services for a variety of data security, operations and compliance […]